Reach4Entertainment Enterprises PLC Completion of vendor placing and director holding (7902E)
February 13 2018 - 10:20AM
UK Regulatory
TIDMR4E
RNS Number : 7902E
Reach4Entertainment Enterprises PLC
13 February 2018
Prior to publication, the information contained within this
announcement was deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 ("MAR"). With the publication of this announcement,
this information is now considered to be in the public domain.
Not for publication, distribution or release directly or
indirectly, in whole or in part, into or in the United States,
Australia, Canada, Japan, the Republic of South Africa or any other
jurisdiction in which offers for sale would be prohibited by
applicable law.
This announcement is not an offer to sell or a solicitation to
buy securities in any jurisdiction, including the United States,
Australia, Canada, Japan or the Republic of South Africa. Neither
this announcement nor anything contained herein shall form the
basis of, or be relied upon in connection with, any offer or
commitment whatsoever in any jurisdiction.
13 February 2018
reach4entertainment enterprises plc
("r4e" or the "Company")
Completion of vendor placing
and change in director shareholding
Further to the announcement made earlier today titled 'Proposed
vendor placing', the Company announces that the accelerated
bookbuild referred to therein has now closed and has been
successful.
236,306,668 ordinary shares in the Company have been sold by
Gate Ventures plc through a placing conducted by Allenby Capital
Limited (the "Placing"), at a price of 1.5 pence per ordinary share
(the "Placing Price"). The Placing shares have been placed out to
new and existing shareholders of the Company, including strategic
investors and Miroma r4e Holdings Limited, a company controlled by
r4e's CEO.
Following completion of the Placing, Gate Ventures plc (of which
Lord Michael Grade, Chairman of the Company, is Chairman) no longer
holds any ordinary shares in the Company.
Directors' participation in the Placing
Miroma r4e Holdings Limited, a company wholly owned by Miroma
Holdings Limited, of which Marc Boyan, CEO of r4e, is a director
and the controlling shareholder, has subscribed for 10,000,000
shares in the Placing at the Placing Price. Marc Boyan, through
Miroma r4e Holdings Limited, therefore now has an interest in
123,333,336 ordinary shares in the Company, representing
approximately 12.28 per cent. of the Company's issued share
capital.
Enquiries:
reach4entertainment enterprises
plc
Marc Boyan, Chief Executive +44 (0) 20 7968
Officer 1655
Allenby Capital (Nominated +44 (0) 20 3328
Adviser and Broker) 5656
Jeremy Porter/James Reeve
Novella Communications (Financial +44 (0) 20 3151
PR) 7008
Tim Robertson/Toby Andrews
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------
a) Name Marc Boyan
--- ------------------------- -------------------------------------
2 Reason for the notification
--- ----------------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------- -------------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------------
a) Name reach4entertaiment enterprises
plc
--- ------------------------- -------------------------------------
b) LEI 213800JHWWJD1PKYGS67
--- ------------------------- -------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- ----------------------------------------------------------------
a) Description of Ordinary shares of 0.5p each
the financial in reach4entertainment enterprises
instrument, type plc
of instrument Identification code (ISIN)
for reach4entertainment enterprises
Identification plc ordinary shares: GB00B1HLCW86
code
--- ------------------------- -------------------------------------
b) Nature of the Purchase of shares
transaction
--- ------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- -----------
1.5p 10,000,000
--------- -----------
--- ------------------------- -------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ------------------------- -------------------------------------
e) Date of the transaction 13 February 2018
--- ------------------------- -------------------------------------
f) Place of the transaction London Stock Exchange, AIM
(XLON)
--- ------------------------- -------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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